S-4/A Filing

OPAL Fuels Inc. CIK: 1842279

Filing Information

Form Type	S-4/A
Accession Number	`0001213900-22-033758`
Period End Date	20220331
Filing Date	20220621
Fiscal Year	N/A
Fiscal Period	N/A
XBRL Instance	fs42022a7_arclight2_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 21 Cash Flow Statement 85 Stockholders Equity 19

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$559.25K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$811.53K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$738.74K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$701.66K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.30M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.51M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	-	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$159.95K	USD	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrust`	$311.20M	USD	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrust`	$311.18M	USD	Point-in-time
Total Assets	`Assets`	$312.85M	USD	Point-in-time
Total Assets	`Assets`	$312.50M	USD	Point-in-time
Shares subject to possible redemption	`TemporaryEquitySharesOutstanding`	31.12M	shares	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$18.76K	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$89.52K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$94.50K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$113.40K	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$1.10K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$113.26K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$204.02K	USD	Point-in-time
Deferred legal fees	`DeferredLegalFees`	$4.89M	USD	Point-in-time
Deferred legal fees	`DeferredLegalFees`	$3.97M	USD	Point-in-time
Deferred underwriting commissions	`DeferredUnderwritingCommissionsNoncurrent`	$10.89M	USD	Point-in-time
Deferred underwriting commissions	`DeferredUnderwritingCommissionsNoncurrent`	$10.89M	USD	Point-in-time
Derivative warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$25.80M	USD	Point-in-time
Derivative warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$20.54M	USD	Point-in-time
Total liabilities	`Liabilities`	$40.77M	USD	Point-in-time
Total liabilities	`Liabilities`	$36.53M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Class A ordinary shares subject to possible redemption; 31,116,305 shares at redemption value of $10.00	`TemporaryEquityCarryingAmountAttributableToParent`	$311.16M	USD	Point-in-time
Class A ordinary shares subject to possible redemption; 31,116,305 shares at redemption value of $10.00	`TemporaryEquityCarryingAmountAttributableToParent`	$311.16M	USD	Point-in-time
Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock value	`CommonStockValue`	-	USD	Point-in-time
Common stock value	`CommonStockValue`	-	USD	Point-in-time
Class B ordinary shares, $0.0001 par value; 50,000,000 shares authorized; 7,779,076 shares issued and outstanding	`CommonStockValueOne`	$778.00	USD	Point-in-time
Class B ordinary shares, $0.0001 par value; 50,000,000 shares authorized; 7,779,076 shares issued and outstanding	`CommonStockValueOne`	$778.00	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-39.08M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-35.20M	USD	Point-in-time
Total shareholders deficit	`StockholdersEquity`	$-35.20M	USD	Point-in-time
Total shareholders deficit	`StockholdersEquity`	$-39.08M	USD	Point-in-time
Total Liabilities and Shareholders Deficit	`LiabilitiesAndStockholdersEquity`	$312.50M	USD	Point-in-time
Total Liabilities and Shareholders Deficit	`LiabilitiesAndStockholdersEquity`	$312.85M	USD	Point-in-time

Income Statement 21 line items

Line Item	Tag	Value	Unit	Period
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.39M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$4.94M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$128.48K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-4.94M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-1.39M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-128.48K	USD	1 Quarter
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-5.25M	USD	1 Quarter
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$10.80M	USD	Annual
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-271.16K	USD	1 Quarter
Financing costs warrant liabilities	`FinancingCostsWarrantLiabilities`	$462.62K	USD	Annual
Financing costs warrant liabilities	`FinancingCostsWarrantLiabilities`	$462.62K	USD	1 Quarter
Financing costs warrant liabilities	`FinancingCostsWarrantLiabilities`	-	USD	1 Quarter
Net gain on investments held in Trust Account	`NetGainOnInvestmentsHeldInTrustAccount`	$24.55K	USD	1 Quarter
Net gain on investments held in Trust Account	`NetGainOnInvestmentsHeldInTrustAccount`	$12.42K	USD	Annual
Net gain on investments held in Trust Account	`NetGainOnInvestmentsHeldInTrustAccount`	$153.00	USD	1 Quarter
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$5.28M	USD	1 Quarter
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-11.25M	USD	Annual
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-191.31K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$3.89M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-16.19M	USD	Annual
Net loss	`NetIncomeLoss`	$-319.78K	USD	1 Quarter

Cash Flow Statement 85 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$3.89M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-16.19M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-319.78K	USD	1 Quarter
General and administrative expenses paid by related party in exchange for issuance of Class B ordinary shares	`GeneralAndAdministrativeExpensesPaidByRelatedPartyInExchangeForIssuanceOfClassBO`	-	USD	1 Quarter
General and administrative expenses paid by related party in exchange for issuance of Class B ordinary shares	`GeneralAndAdministrativeExpensesPaidByRelatedPartyInExchangeForIssuanceOfClassBO`	$25.00K	USD	Annual
General and administrative expenses paid by related party in exchange for issuance of Class B ordinary shares	`GeneralAndAdministrativeExpensesPaidByRelatedPartyInExchangeForIssuanceOfClassBO`	$25.00K	USD	1 Quarter
General and administrative expenses paid by related party under promissory note	`GeneralAndAdministrativeExpensesPaidByRelatedPartyUnderPromissoryNote`	$26.80K	USD	Annual
General and administrative expenses paid by related party under promissory note	`GeneralAndAdministrativeExpensesPaidByRelatedPartyUnderPromissoryNote`	$26.80K	USD	1 Quarter
General and administrative expenses paid by related party under promissory note	`GeneralAndAdministrativeExpensesPaidByRelatedPartyUnderPromissoryNote`	-	USD	1 Quarter
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-5.25M	USD	1 Quarter
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$10.80M	USD	Annual
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-271.16K	USD	1 Quarter
Financing costs warrant liabilities	`FinancingCostsWarrantLiabilities1`	-	USD	1 Quarter
Financing costs warrant liabilities	`FinancingCostsWarrantLiabilities1`	$462.62K	USD	1 Quarter
Financing costs warrant liabilities	`FinancingCostsWarrantLiabilities1`	$462.62K	USD	Annual
Net gain on investments held in Trust Account	`GainLossOnInvestments`	$12.42K	USD	Annual
Net gain on investments held in Trust Account	`GainLossOnInvestments`	$24.55K	USD	1 Quarter
Net gain on investments held in Trust Account	`GainLossOnInvestments`	$153.00	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$861.62K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-122.87K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$1.41M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-181.24K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.44M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$70.76K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$23.53K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$18.90K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$24.50K	USD	Annual
Accrued expenses related party	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$1.10K	USD	1 Quarter
Accrued expenses related party	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$10.00K	USD	1 Quarter
Deferred legal fees	`IncreaseDecreaseInDeferredLegalFee`	$3.97M	USD	Annual
Deferred legal fees	`IncreaseDecreaseInDeferredLegalFee`	-	USD	1 Quarter
Deferred legal fees	`IncreaseDecreaseInDeferredLegalFee`	$925.10K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-252.27K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-10.26K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.94M	USD	Annual
Cash deposited in Trust Account	`PaymentsToAcquireRestrictedInvestments`	-	USD	1 Quarter
Cash deposited in Trust Account	`PaymentsToAcquireRestrictedInvestments`	$311.16M	USD	Annual
Cash deposited in Trust Account	`PaymentsToAcquireRestrictedInvestments`	$311.16M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-311.16M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-311.16M	USD	1 Quarter
Proceeds from note payable to related party	`ProceedsFromNotesPayable`	$100.00	USD	Annual
Proceeds from note payable to related party	`ProceedsFromNotesPayable`	$100.00	USD	1 Quarter
Proceeds from note payable to related party	`ProceedsFromNotesPayable`	-	USD	1 Quarter
Repayment of note payable to related party	`RepaymentsOfNotesPayable`	$171.74K	USD	1 Quarter
Repayment of note payable to related party	`RepaymentsOfNotesPayable`	$171.74K	USD	Annual
Repayment of note payable to related party	`RepaymentsOfNotesPayable`	-	USD	1 Quarter
Proceeds received from initial public offering	`ProceedsFromIssuanceInitialPublicOffering`	$311.16M	USD	1 Quarter
Proceeds received from initial public offering	`ProceedsFromIssuanceInitialPublicOffering`	$311.16M	USD	Annual
Proceeds received from initial public offering	`ProceedsFromIssuanceInitialPublicOffering`	-	USD	1 Quarter
Proceeds received from private placement	`ProceedsFromIssuanceOfPrivatePlacement`	-	USD	1 Quarter
Proceeds received from private placement	`ProceedsFromIssuanceOfPrivatePlacement`	$9.22M	USD	1 Quarter
Proceeds received from private placement	`ProceedsFromIssuanceOfPrivatePlacement`	$9.22M	USD	Annual
Offering costs paid	`PaymentsOfStockIssuanceCosts`	-	USD	1 Quarter
Offering costs paid	`PaymentsOfStockIssuanceCosts`	$6.24M	USD	1 Quarter
Offering costs paid	`PaymentsOfStockIssuanceCosts`	$6.30M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$313.97M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$313.92M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-252.27K	USD	1 Quarter
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$2.80M	USD	1 Quarter
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$811.53K	USD	Annual
Cash beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.80M	USD	Point-in-time
Cash beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$559.25K	USD	Point-in-time
Cash beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Cash beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$811.53K	USD	Point-in-time
Cash end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.80M	USD	Point-in-time
Cash end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$559.25K	USD	Point-in-time
Cash end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Cash end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$811.53K	USD	Point-in-time
Offering costs included in accounts payable	`OfferingCostsIncludedInAccountsPayable`	-	USD	1 Quarter
Offering costs included in accounts payable	`OfferingCostsIncludedInAccountsPayable`	$252.00K	USD	1 Quarter
Offering costs included in accounts payable	`OfferingCostsIncludedInAccountsPayable`	$200.00K	USD	Annual
Offering costs included in accrued expenses	`OfferingCostsIncludedInAccruedExpenses`	$70.00K	USD	1 Quarter
Offering costs included in accrued expenses	`OfferingCostsIncludedInAccruedExpenses`	$70.00K	USD	Annual
Offering costs included in accrued expenses	`OfferingCostsIncludedInAccruedExpenses`	-	USD	1 Quarter
Offering costs paid by related party under promissory note	`OfferingCostsPaidByRelatedPartyUnderPromissoryNote`	$144.84K	USD	1 Quarter
Offering costs paid by related party under promissory note	`OfferingCostsPaidByRelatedPartyUnderPromissoryNote`	$144.84K	USD	Annual
Offering costs paid by related party under promissory note	`OfferingCostsPaidByRelatedPartyUnderPromissoryNote`	-	USD	1 Quarter
Deferred underwriting commissions	`DeferredUnderwritingCommissions`	$10.89M	USD	1 Quarter
Deferred underwriting commissions	`DeferredUnderwritingCommissions`	-	USD	1 Quarter
Deferred underwriting commissions	`DeferredUnderwritingCommissions`	$10.89M	USD	Annual
Forfeiture of Class B ordinary shares from Sponsor	`ForfeitureOfClassBOrdinaryShareFromSponsor`	$13.00	USD	Annual
Forfeiture of Class B ordinary shares from Sponsor	`ForfeitureOfClassBOrdinaryShareFromSponsor`	-	USD	1 Quarter
Forfeiture of Class B ordinary shares from Sponsor	`ForfeitureOfClassBOrdinaryShareFromSponsor`	$13.00	USD	1 Quarter

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-39.07M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	-	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-35.20M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-23.21M	USD	Point-in-time
Issuance of Class B ordinary shares to Sponsor	`IssuanceOfClassBOrdinarySharesToSponsor`	$25.00K	USD	Annual
Issuance of Class B ordinary shares to Sponsor	`IssuanceOfClassBOrdinarySharesToSponsor`	$25.00K	USD	1 Quarter
Accretion on Class A ordinary shares subject to possible redemption	`StockIssuedDuringPeriodValueNewIssues`	$-23.09M	USD	1 Quarter
Accretion on Class A ordinary shares subject to possible redemption	`StockIssuedDuringPeriodValueNewIssues`	$-23.09M	USD	Annual
Sale of private placement warrants to Sponsor less fair value of private warrants	`StockIssuedDuringPeriodValueConversionOfUnits`	$175.73K	USD	Annual
Sale of private placement warrants to Sponsor less fair value of private warrants	`StockIssuedDuringPeriodValueConversionOfUnits`	$175.73K	USD	1 Quarter
Forfeiture of Class B ordinary shares from Sponsor	`ForfeitureOfClassBOrdinarySharesFromSponsor`	-	USD	1 Quarter
Forfeiture of Class B ordinary shares from Sponsor	`ForfeitureOfClassBOrdinarySharesFromSponsor`	-	USD	Annual
Net income (loss)	`ProfitLoss`	$-319.78K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-16.19M	USD	Annual
Net income (loss)	`ProfitLoss`	$3.89M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-39.07M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	-	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-35.20M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-23.21M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.